Palantir Still Has Room to Rise, and Could Be Worth Up to 20% More

Palantir (PLTR) stock still looks undervalued given its powerful free cash flow. Using a 27% FCF margin and an FCF yield of 1.5% its value is 20% higher. That gives investors a target price of over $22.00 per share. 

The stock is trading at $18.65 in morning trading on Monday, Dec. 4, down from its recent peak of $21.20 on Nov. 20. That occurred after the company released its Q3 results on Nov. 2.